Tesco unlawfully stopped rivals from opening stores: UK regulator

UK regulator raps Tesco for unlawfully preventing rival store openings

A company logo is pictured outside a Tesco supermarket in Altrincham northern England, April 16, 2016. REUTERS/Phil Noble/File Photo

LONDON - Tesco , Britain’s biggest retailer, unlawfully stopped major supermarket rivals from opening shops near its stores, the country’s competition regulator said on Friday. The Competition and Markets Authority said it first discovered that Tesco had been preventing landlords from letting property to other supermarkets during monitoring in 2018. Tesco then reviewed all of its land agreements, finding 23 breaches in total.

The CMA said Tesco has agreed to take remedial action for all affected land agreements and improve its internal processes and staff training to avoid future breaches. It plans to monitor Tesco’s progress and may take formal enforcement action if further breaches are found.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Valentine's Day 2020 meal deals from M&S, Waitrose, Tesco and MorrisonsValentine's Day 2020 meal deals from M&S, Waitrose, Tesco and Morrisons. See the supermarket menus here for your romantic dinner date
Read more »

Sky U.K. Unveils Largest Slate Ever, Including 80 OriginalsSky U.K. unveiled its 2020 programming slate Wednesday, saying it was its largest ever, including 80 originals, up 25 percent from 2018, and a 40 percent increase in U.S. content
Read more »

UK woman jailed for trying to open plane door mid-flightA British woman who tried to open the door of a plane mid-flight was sentenced to two years in jail Wednesday.
Read more »

Study Reveals 'Mental Health Crisis' in U.K. Film, TV IndustriesAccording to research commissioned by the Film and TV Charity, 87 percent of people working in British cinema and television have experienced a mental health problem, which has prompted an urgent action plan and industry-led task force.
Read more »

U.K. Film & TV Industry Faces Mental Health Crisis: “Seismic Shifts Need to Happen”A new survey has revealed a major mental health crisis is permeating the U.K. film and TV industry, with close to 90% of off-screen professionals experiencing mental health issues on the job – sign…
Read more »